India AI-Linked Stocks Surge as Modi Hosts Altman, Amodei

Anthropic CEO Dario Amodei, right, and Infosys co-founder Nandan Nilekani at the AI Impact Summit in New Delhi on Feb. 19.Photographer: Ruhani Kaur/Bloomberg

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February 20, 2026 at 6:16 AM UTC

Indian data center–related shares rallied this week, as the country’s Prime Minister Narendra Modi reiterated its ambition to emerge as a global hub for AI in the presence of OpenAI’s Sam Altman and Anthropic PBC’s Dario Amodei.

Shares of 10 companies involved in data center development and its supply chain — spanning equipment manufacturers to power producers — added about $4 billion in combined market value this week as the country hosted a high-profile gathering of leading AI companies in New Delhi.